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Dec 24, 2012
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by going over the fiscal cliff? >> i think one of the things to look at here is that, and you have to look at the back side, is that retailers in respect of inventories, are in the best position possible. also an anniversary of cheaper cotton prices here. revenue i don't think the big story for this segment in 2013. if they can hold on and if the fiscal cliff is really bad and can't hold on, it won't be as negative as other periods. the simple fact that retailers are in much better shape in terms of cost and than they've been in years. if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing towards the f
by going over the fiscal cliff? >> i think one of the things to look at here is that, and you have to look at the back side, is that retailers in respect of inventories, are in the best position possible. also an anniversary of cheaper cotton prices here. revenue i don't think the big story for this segment in 2013. if they can hold on and if the fiscal cliff is really bad and can't hold on, it won't be as negative as other periods. the simple fact that retailers are in much better shape...
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Dec 29, 2012
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will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate m
will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved...
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Dec 30, 2012
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the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: t
the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off...
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Dec 29, 2012
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he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet: doesn't that suggest that he is backtracking? >> clayton: don't know what's going to happen at the end of the day. in this meeting as dave was talking about back and forth the ball is in the senate's court right now mitch mcconnell said we will take it we don't want to go back to the house where that was a mess over in the house. we will take it. we will will try. this the president said you try this if you can't get anything done i want a straight up or down vote on those making over $250,000 a year and some of the unemployment benefits for 2 million individuals will stil
he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet:...
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Dec 28, 2012
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are you customers going to stop eating at maria's if we go over the fiscal cliff? >> i don't know, brian. i've got my parachute packed. how about you? >> pasta parachute? that's terrible, sorry. >> full of lots of lasagna noodles, but i think now that the career politicians are done with protecting their jobs, hopefully they will think about the american jobs, and just collaborate so our customers aren't talking about it, but our fellow business owners are talking about it. one of our biggest concerns is, you know, and my cohort there will probably comply, but 75% of all small businesses are individual "s" corporations so they file taxes as an individual, so that increase is going to hurt the business -- the business expenses that we have, and then we can't put the money back into capital, so there's a lot of things. if our politicians would just get together and collaborate and kind of split the baby, if you would, you know, and think about strategic plans like we do as small businesses and not the short-term fixes. >> well said. >> capital gains is an issue and e
are you customers going to stop eating at maria's if we go over the fiscal cliff? >> i don't know, brian. i've got my parachute packed. how about you? >> pasta parachute? that's terrible, sorry. >> full of lots of lasagna noodles, but i think now that the career politicians are done with protecting their jobs, hopefully they will think about the american jobs, and just collaborate so our customers aren't talking about it, but our fellow business owners are talking about it....
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Dec 30, 2012
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on the fiscal cliff. why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet what the house is going to do. molly henneberg is live in d.c. there's a holdup in the house. what is it? >> the price tag. house republicans say it's too steep. a south carolina republican congressman said he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a difficult conversation to have but it's a necessary conversation. if we can't come together and figure out a way to stop spending so
on the fiscal cliff. why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that...
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Dec 26, 2012
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the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can be nasdaq ntsb down 1/2%. let's take a look at zynga. this is a name we follow and zynga has been crushed this year down 75% but the day getting a pop, there has been talk about real time gaming sites over in the united kingdom. so up 3.5% today for zynga. dennis: thank you. getting the blame for much of the downturn in the dow this morning, retail sales coming in at disappointing low levels. shibani: they're cutting prices in order to make up some of the lost shopping during the week and frankly during the year. adam shapiro joining us with more. a lot of times we see the high end and hold off during the holidays versus the low end. are there any winners this year? >> sax is offering 70% off on some items. there are e-mail coup
the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can be nasdaq ntsb down 1/2%. let's take a look at zynga. this is a name we follow and zynga has been crushed this year down 75% but the...
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can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the president calls congressional leader to the white house it's all political theater or they have a deal. my bet it's all political theater. >> they blame house republicans since john boehner hasn't been able to get them a deal to raise taxes. the name calling is getting ugly. >> american people don't understand the house of representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker not allowing the vast majority of the council to representatives to get what they want. >>> and while it's true that the
can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the...
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Dec 26, 2012
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if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps. just merely spreading the message america is watching and waiting for congress to act to find a way to reason together, that's an important act, and everyone doing their part can do, i say good on him. we need to send this message to washington and make sure it isn't settled. we'll go deeper into this tonight at 7:00 as well. this is urnlggent. the clock is ticking, s
if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks...
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but i actually still think we can gets it done. >> so what does the lack of a fiscal cliff deal with just days left in the 2012 mean for the markets? joining us from the cme, kevin ferry of cronis futures management. it's sad to watch all those clips back to back and realize where we are today. >> it's tough. mar's comments really ring perfectly at the end of that. that's for sure. >> and so just sort of set us up for the market day or maybe even the market week to the extent we have one left. how -- how do you think about the way the market may trade given the fact that we may have next to no deal likely i think before january 1 or at least in we do it's a baby. baby deal. >> right. right. well, here's what -- here's what we're observing so far, andrew. that the only significant move that we've really seen from the market has been the nighttime move when they walked away. and the rest of the session was actually quite quiet. so as far as the u.s. markets really putting pressure on the deal, we think it's been kind of void. so the real key, the trade that everyone now is listening, e
but i actually still think we can gets it done. >> so what does the lack of a fiscal cliff deal with just days left in the 2012 mean for the markets? joining us from the cme, kevin ferry of cronis futures management. it's sad to watch all those clips back to back and realize where we are today. >> it's tough. mar's comments really ring perfectly at the end of that. that's for sure. >> and so just sort of set us up for the market day or maybe even the market week to the extent...
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behind the scenes in the fiscal cliff negotiations and now what it takes to get a deal done. c! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! >>> developing now, we just got an emphatic denial from the white house about that rumored proposal being sent to the hill by president obama to senate republicans to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it
behind the scenes in the fiscal cliff negotiations and now what it takes to get a deal done. c! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the...
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Dec 28, 2012
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fiscal cliff? at the top of our short list, there's still time to take advantage of the gift tax. right now there's a $5 million exemption and the tax rate is 35%. at midnight on new year's eve, that exemption drops to just $1 million and the tax rate goes to 55%. the capital gains tax rate, of course, is expected to increase from 20 to 30%. there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or more in assets, obviously much more proactive in anticipating the tax consequen
fiscal cliff? at the top of our short list, there's still time to take advantage of the gift tax. right now there's a $5 million exemption and the tax rate is 35%. at midnight on new year's eve, that exemption drops to just $1 million and the tax rate goes to 55%. the capital gains tax rate, of course, is expected to increase from 20 to 30%. there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in...
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Dec 27, 2012
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before the fiscal cliff deadline, that it won't happen until the pressure is on, on or around december 31st. that's practically and probably why what we saw today was suspended animation. this is one place in washington free of gridlock.baristas are writing the words, "come together" on customers' coffee. >> people are tired that congress can't come to a compromise or agree on anything. >> reporter: but even that doesn't seem to be moving lawmakers. >> taxes are approaching the wrong direction. come the first of this year, americans will have less income than they have today. >> reporter: senate democratic leader harry reid, back from christmas break, was highly pessimistic about passing anything to avert the fiscal cliff and keeping all americans' taxes from going up january 1st. >> i have to be very honest, mr. president. i don't know, time wise, how it can happen now. >> five days until the fiscal cliff, and both sides are engaged in legislative and political chicken. the president called each of the four congressional leaders before leaving hawaii. in his conversation with the sena
before the fiscal cliff deadline, that it won't happen until the pressure is on, on or around december 31st. that's practically and probably why what we saw today was suspended animation. this is one place in washington free of gridlock.baristas are writing the words, "come together" on customers' coffee. >> people are tired that congress can't come to a compromise or agree on anything. >> reporter: but even that doesn't seem to be moving lawmakers. >> taxes are...
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Dec 26, 2012
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we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respe
we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour...
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Dec 30, 2012
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part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...
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. >> the senate is back to work as the clock ticks and america gets closer to going over the fiscal cliff. president obama has also returned to washington. house members are still home for the holidays peeping >> i cannot imagine their consciences, wherever they are around the country. we are trying to get something done. >> harry reid is blaming house speaker john boehner for the stalemate and predicts new deal will happen before the end of the year. house republicans have rejected any compromise where the wealthiest americans no longer get a tax cut. others are still optimistic. >> these deals come together at the last minute. to paraphrase ronald reagan, there has got to be a pony here someplace. >> i would urge the speaker of the house to call is back in session, to do what america expects us to do -- address the challenges, find solutions. >> americans have a lot to lose without a deal. taxes would jump an average of $2,400 for families making between $50,000 and $70,000 a year. the congressional budget office predicts the nation could lose jobs. house members will be coming back to
. >> the senate is back to work as the clock ticks and america gets closer to going over the fiscal cliff. president obama has also returned to washington. house members are still home for the holidays peeping >> i cannot imagine their consciences, wherever they are around the country. we are trying to get something done. >> harry reid is blaming house speaker john boehner for the stalemate and predicts new deal will happen before the end of the year. house republicans have...
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Jan 1, 2013
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please join me in supporting the fiscal cliff bill today. yield back my time. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent toe address the house for one minute -- to address the house for one minute. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one minute. mr. connolly: thank you, mr. speaker. we are about to have a hold your nose vote here in the house of representatives. and many of us are going to wrestle with the problem of making perfect be the enemy of the good. we do have an opportunity to stabilize taxation for 899 -- 99% of all americans. to extend appreciation and investment expansion for small businesses. to make sure that families in america through the child tax credit, the earned income tax credit, and student loans are stabilized for their planning in the calendar year 2013. the r&d tax credit is extended. there is a lot in this package that's good. there is a lot in this package, i should say, there's
please join me in supporting the fiscal cliff bill today. yield back my time. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent toe address the house for one minute -- to address the house for one minute. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one minute. mr. connolly: thank you, mr. speaker. we are about to have a hold your nose vote here in...
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Dec 27, 2012
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you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very well at the top. we're not addressing fundamental changes in the economy. we're using these old political paradimes and we're stuck. our data sort of showed this. old ideas sort of improve, and -- we've got to think outside of the box. >> thank you, david rohde, for your perspective today. >> thank you. >>> the weather is being blamed for 12 deaths after dumping record snow in arkansas. the heaviest snowfall is expected in northern pennsylvania, upstate new york and new england. thousands of travelers have already been stranded at and i want across the country. >>> time for the your bess entrepren
you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very...
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fiscal cliff is about being afraid, i think. >> let's do the numbers. >> 350,000 on initial jobless claims. that is definitely less than we were looking for. it's a dozen less than the revised number you're looking at last week. 3.206 million on continuing claims. and just to put a face on it, 350,000. when was the last time we had 350,000? well, let's see, we had 344,000 on pearl harbor day. this is probably a level that we should pay attention to. it's like logically important, that it's going to give us any clues as to how many jobs we're going to create on any first friday. i think that information line is broken. let's get back to that other conversation now. let's go with it. you know, the issue with t.a.r.p. was, yes, there were things that were freezing up. that responsibility adults had to come and do something, and i remember not agreeing with maria bartiromo at the time because everybody was disappointed they didn't hurry up to write a check for seven eighths of a trillion dollars without any thought. so i thought that was the negative issue here. i'm not wearing my button today
fiscal cliff is about being afraid, i think. >> let's do the numbers. >> 350,000 on initial jobless claims. that is definitely less than we were looking for. it's a dozen less than the revised number you're looking at last week. 3.206 million on continuing claims. and just to put a face on it, 350,000. when was the last time we had 350,000? well, let's see, we had 344,000 on pearl harbor day. this is probably a level that we should pay attention to. it's like logically important,...
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Dec 27, 2012
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. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the c
. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this...
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cliff showdown. just four days left to get this deal done or massive tax hikes and spending cuts will kick in. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security in the central african republic has forced the u.s. state department to temporarily suspend operations. there the u.s. ambassador, his diplomatic team and some private american citizens are out of the capital. the country's president has asked france and the united states for help to stop rebels that threaten rule. >>> it's not clear who will replace lisa jackson as the head of the environmental protection agency. jackson announced yesterday she's stepping down in january after the president's state of the union address. the epa created new standards for air pollution from coal power plants on her watch. >>> massachusetts congressman ed ma markey throwing his hat into the ring for kerry's senate seat. a special election would be held early this summer. markey a 66-year-old democrat is the first promin
cliff showdown. just four days left to get this deal done or massive tax hikes and spending cuts will kick in. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security in the central african republic has forced the u.s. state department to temporarily suspend operations. there the u.s. ambassador, his diplomatic team and some private american citizens are out of the capital. the country's president has asked france and the united states for help to...
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mike tyson. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captioning fund
mike tyson. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy...
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Dec 28, 2012
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obama has done a much better job of positioning himself to take advantage of the fiscal cliff. he has painted republicans is only caring about their millionaire and billionaire friends. taking hostage the people of america. you have steny hoyer saying that republicans want to take children hostage and threatened to shoot them. this is vilifying republicans and it has been incredibly effective. in the short term, absolutely, the president is set to take advantage of this. tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have a message and that is going to be the big question about who wins and long-run. jon: if we go over the cliff, i mean,
obama has done a much better job of positioning himself to take advantage of the fiscal cliff. he has painted republicans is only caring about their millionaire and billionaire friends. taking hostage the people of america. you have steny hoyer saying that republicans want to take children hostage and threatened to shoot them. this is vilifying republicans and it has been incredibly effective. in the short term, absolutely, the president is set to take advantage of this. tax increases, massive...
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Dec 29, 2012
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lawmakers have just three days left to get a deal done in time to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves co
lawmakers have just three days left to get a deal done in time to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be...
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doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you take a look at the impact of these tax hikes, at low income levels, a few hundred dollars. but for people make more than $500,000 a year, an average tax hike of $120,000 unless there is some kind of a fix. and finally, here is one possible solution, i guess. starbucks is telling all of their employees here in the dc area to write on every single coffee they make, come together. that is not just a tall order, but maybe a venty. i think a venty. >> kelly: that's really a good idea. not a good one, doug. >> clayton: thanks. what was your beverage of choice this morning? is that your coffee cup? >> juliet: all right
doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you...
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Dec 24, 2012
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we'll talk about what is coming up on the fiscal cliff. have you got your holiday shopping done yet? are you done? >> gretchen: i am waiting for three things to come in the mail that they might not arrive. >> i an alert said winter weather causing shipping delays. >> if you are worried about your packages in christmas eve, you delayed yourself. >> gretchen: blame the weather guy. l>> i ordered it on friday. >> gretchen: merry christmas . still no deal in sight just more of the same way blame game . e week before the taxes are going to sky rocket. steve is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,
we'll talk about what is coming up on the fiscal cliff. have you got your holiday shopping done yet? are you done? >> gretchen: i am waiting for three things to come in the mail that they might not arrive. >> i an alert said winter weather causing shipping delays. >> if you are worried about your packages in christmas eve, you delayed yourself. >> gretchen: blame the weather guy. l>> i ordered it on friday. >> gretchen: merry christmas . still no deal in...
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boehner he has not scheduled a debate about on the fiscal cliff which is just absurd. if there is one message to go out there it's that the house has actually done its job and the senate could fix this today if they wanted to. patti ann: you are in north carolina which says a lot. the house right now, no plans to convene unless there is a deal to vote on. both sides obviously saying the ball is in the other court. what is going to happen here? >> i think we're going over the cliff. i've been saying for months i thought we were going over the cliff because, frankly, i believe it's what the president wants. if you go back and look at how he's handled this negotiation from the very beginning, go back and look at what his own administration has been telling him for years, and that is that tax rates need to go up on everybody. this has pw-pb been the president's position i believe from the very beginning. i think that's where we w up. what happens after that i think depends in large part on who gets blamed. we are going over the cliff for a brief period ever time. patti ann
boehner he has not scheduled a debate about on the fiscal cliff which is just absurd. if there is one message to go out there it's that the house has actually done its job and the senate could fix this today if they wanted to. patti ann: you are in north carolina which says a lot. the house right now, no plans to convene unless there is a deal to vote on. both sides obviously saying the ball is in the other court. what is going to happen here? >> i think we're going over the cliff. i've...
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Dec 29, 2012
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we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the
we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host:...
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i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here, somehow that democrats have agreed to raise the level from two lenders $50,000 to $450,000 -- from $250,000 to $450,000 and there was an agreement reached that we keep the estate taxes at the $5 million level at 35%. all i can say is, democrats do not agree with that. not at all. what it looks like is it looks like all of the tax things will b
i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on...
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Dec 26, 2012
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cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a drop off for doctors. >> if republicans do give in and support the deal being put together by harry reid that deal is expected to be far less favorable than the potential deal they had been working on with president
cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed...
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to be a huge problem. >> we are dangerously close to the fiscal cliff. now, in all fairness, not all of it hits on new year's day but some of it does. the white house, we have a white house source who has said this. let me just read this to you. it says we believe very strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that to be the case? >> no, i don't believe that to be the case. listen, a year ago august when the president was negotiating with the speaker, they were very close to the big deal that needs to be struck. and this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government are not willing to make the deal that they know they have to make, and everybody wants their stuff but doesn't want to give up, you know, what they don't want to give up. >> you know, we're showing pictures right now of john boehner and president obama. john
to be a huge problem. >> we are dangerously close to the fiscal cliff. now, in all fairness, not all of it hits on new year's day but some of it does. the white house, we have a white house source who has said this. let me just read this to you. it says we believe very strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that...
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>> set the fiscal cliff aside for one moment. you've done extensive research on recovery from recessions. where are we in the current recovery? what in your estimation does 2013 look like from an economic standpoint. >> fairly normal from world war ii financial crisis, housing recovers on cue five or six years later. the good news is that there's stable underlying growth. the bad news is you don't get the zoom you got out of it during the depression. >> we're in year five of a seven year process. >> more than seven years. >> last time you were here you said we were half way through regardless of who wins in 2012. the next four years would not look much better than the past four years. >> we're going to have, i don't know if not very much better than the past four but we're not going to have fantastic growth. unemployment will take many more years to feel normal, so we have many years left in the recovery but hopefully in two or three years we feel like we're moving there and not at the starting point. >> let's talk about the glob
>> set the fiscal cliff aside for one moment. you've done extensive research on recovery from recessions. where are we in the current recovery? what in your estimation does 2013 look like from an economic standpoint. >> fairly normal from world war ii financial crisis, housing recovers on cue five or six years later. the good news is that there's stable underlying growth. the bad news is you don't get the zoom you got out of it during the depression. >> we're in year five of a...
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what they have done, technically we have sailed over the fiscal cliff. the senate last night, a vote 89-89, passed a bill which will jack up taxes on america's most successful. now what it is doing making its way across the hall into the house. will they take it up later today? maybe. they're under no obligation. but there is a real good possibility, john boehner and company, republicans who voted down plan b will say, no, don't like it the way it is. brian: what is in it? what do we know? taxes won't go up for those making 250,000. won't go up over single person making 400. for a couple making 450,000. dividend and capital-gains taxes go from 15% to 20%. obamacare,.8%. if you know someone who died they have to give up 40% what they inherited over $5 million as opposed to 35%. they were saying that was going to be higher than that unemployment insurance, instead of six months, remain as year. juliet: here is basically how it went down. it was 89 8 vote. here is group voted against it. tom harkin, democrat iowa. tom carper. rand paul from kentucky. republ
what they have done, technically we have sailed over the fiscal cliff. the senate last night, a vote 89-89, passed a bill which will jack up taxes on america's most successful. now what it is doing making its way across the hall into the house. will they take it up later today? maybe. they're under no obligation. but there is a real good possibility, john boehner and company, republicans who voted down plan b will say, no, don't like it the way it is. brian: what is in it? what do we know?...
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what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which the vice president not only roused the entire membership but also gave us a very thoughtful and detailed explanation of what has gone on and how it was that he and the president, working with democratic and republican leaders were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious and, quite honestly, so frank in explaining the as much as he could about what has transpired over the last several weeks. we are now waiting to hear from our republican colleagues whether or not they want to do what the senate did in a v
what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which...
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. >> i've seen you spin a mean basketball but what's the spin on the fiscal cliff hanger? can congress get a deal done before the deadline? >> this is a wbal-tv 11 editorial with dan joerres. >> as we come to the close of another year, we think of our loved ones who are sacrificing their lives for our liberty and pursuit of happiness. we take our regularly scheduled editorial time to share greetings from those in the military to families in maryland. they will also be available on wbaltv.com, click on editorials. from the wbal-tv 11 family to yours, happy holidays. >> i'm dale inman from edgewater, maryland, and i wish a happy holidays to rich, grace, win, pearson. >> i'm mark schaffer from annapolis, maryland. i send my hov to jennifer, kai, dana and mom and dad. >> michelle carter, a shout out from kabul, eaven. afghanistan. i would also like to shout out to my number one team, the baltimore ravens. >> you're watching wbal-tv 11, live, local, late breaking. this is 11 news sunday morning. >> good morning, welcome to 11 news sunday morning. i'm jennifer franciotti. lisa h
. >> i've seen you spin a mean basketball but what's the spin on the fiscal cliff hanger? can congress get a deal done before the deadline? >> this is a wbal-tv 11 editorial with dan joerres. >> as we come to the close of another year, we think of our loved ones who are sacrificing their lives for our liberty and pursuit of happiness. we take our regularly scheduled editorial time to share greetings from those in the military to families in maryland. they will also be...
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they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very politically senator to do this on his part. on right, they really, really needed to be one voice and they just couldn't get to that. >> kelly: he divided the republicans as charles krauthammer alluded to, saying that's what the president wanted to do, to divide the republicans. senator john barrasso has something to say about the president, saying he may have wanted to do this all along, go off the fiscal cliff. >> i think that he sees a lot of cuts to the military, which the democrats have been after for a long time. and then he gets to do what he loves to do, which is blame republicans. my con
they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very...